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Journal of Economic and Social Development, Vol. 1 No. 1, 2014.

Review article

SAVING THE EURO: CREATING SOCIAL REGIONAL CURRENCIES, TAXES ON FINANCIAL TRANSACTIONS, AND MINIMUM INCOME PROGRAMS

Leonardo Fernando Cruz Basso ; Universidade Presbiteriana Mackenzie (PPGAE-Mackenzie), Brazil

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Abstract

This paper proposes the creation of regional currencies, which we call social currencies (pesetas,
dracmas, liras; deutsche mark) with the finality of financing minimum income programs and
microfinance programs in Europe. The backing for this currency will be Euros collected based on the
creation of taxes on regional financial transactions. Depending on the tax rate the amount of money
collected can be substantial and can be used to buy to buy government bonds of countries with severe
funding problems.

Keywords

Basic income; Minimum income; Quantity theory of money; Social currencies; Taxes on regional financial transactions; Tobin tax

Hrčak ID:

128522

URI

https://hrcak.srce.hr/128522

Publication date:

1.3.2014.

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